Advice on Niche Market Exit Planning
Selling a Television Service Providers Business
With the economy limping along, many television service providers business owners are hesitant to put their businesses on the market. At Gaebler, we think it's a great time to sell a television service providers business. Here's why . . ..
When it comes to selling a television service providers business, there are no shortcuts to success.
You'll always have an excuse for not putting your business on the market. Selling a television service providers business isn't easy, but we believe sellers can achieve their goals in any economic environment.
Leveraging Seller Concessions
Seller concessions are becoming more commonplace in business-for-sale transactions. By far, seller financing is the most sought-after concession, especially in the current economic environment. Capital is scarce, causing new entrepreneurs to rely on sellers to finance at least part of the purchase price. If you are unwilling or unable to offer financing, be prepared to offer other types of concessions to close the deal.
Promoting a television service providers business Sale
Successful television service providers business sales incorporate comprehensive advertising plans. But confidentiality issues are a hurdle you'll need to address before you put your television service providers business on the market. A highly publicized sale creates vulnerabilities that can be exploited by your competitors. The best way to advertise a television service providers business is to enlist the assistance of a business broker who is skilled in locating and contacting prospective buyers.
Legal Considerations
There is no way around the requirement to hire professional legal assistance when you sell your television service providers business. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.
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